Innis & Gunn returns to profit as it splashes out on its first ever brewery

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Independent Scottish brewer Innis & Gunn has returned to profit after buying its first ever brewery in its 13-year history and launching a food and drink concept.

The Edinburgh-based company used the £3m it raised from 1,105 investors via a retail bond in 2015 to buy the Inveralmond brewery in Perth last year. The beers already brewed at the site, including Ossian, are now part of the Innis & Gunn stable and alongside strong growth in its own oak-aged range helped push sales up 22pc to £14.3m.

Particularly popular was its Innis & Gunn Craft Lager, whose volumes have more than quadrupled in the past two years and helped the company sell more than 2m cases in one year for the first time.